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Tale of the Tape

Zacks Equity Research

Strength Seen in Apache (APA): Stock Moves 5.9% Higher
September 22, 2016

APA CRZO

Trades from $3

Apache Corp. (APA - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $49.70 to $59.90 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of one increase and three decreases over the past one month, while the Zacks Consensus Estimate has moved down over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Apache currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

APACHE CORP Price

 

A better-ranked stock in the same industry is Carrizo Oil & Gas Inc. (CRZO - Free Report) , sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is APA going up? Or down? Predict to see what others think: Up or Down

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